Pros and cons of renting your home on Airbnb vs traditional long term rental

In this video I discuss the pros and cons of renting your home on Airbnb vs a traditional long term rental. The pros of renting your house or apartment on Airbnb include: -Increased nightly rental rate -Additional money earned from flat rate cleaning fee -Vet renters before hand using Airbnb's review system -Airbnb travelers are more likely to treat your property with respect because of the review system -Guests pay for their rental in full in advance -Airbnb has a $1 million insurance policy that covers damages caused by guests The cons of renting your property on Airbnb vs a long term rental include: -Less consistency vs a long term tenant -A higher turnover rate means you will have to constantly clean and prepare your rental for the next guest -Overall renting your property on Airbnb requires more effort -You have to fully furnish your rental property on Airbnb vs leaving it unfurnished with a traditional rental which costs a lot of money You can read the full article on Airbnb Guide by clicking here: